Context
The question arises from the proposed changes to the high-income child benefit charge threshold.
Question
What assessment has been made of the impact of raising the high-income child benefit charge threshold on household incomes?
Answer from Nigel Huddleston
The Government will raise the point at which child benefit is fully withdrawn to £80,000 from £60,000 and raise the high-income child benefit charge threshold to £60,000 from £50,000 from 6 April 2024. This change means that almost half a million hard-working families will gain an average of £1,260 towards the cost of raising their children.
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